Structural Change in European Labour Markets

Julian Morgan

National Institute Economic Review, 1996, vol. 155, 81-89

Abstract: In recent years considerable attention has been paid to the condition of labour markets in Europe. The recession of the early 1990s saw unemployment reach a post war high in a number of European countries. As Chart 1 shows unemployment has shown a secular upward trend in Germany, Italy and most notably, Spain. Real wage growth was also slower in the 1980s and 1990s than it had been in the 1970s (Chart 2).

Date: 1996
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